Investment building with development potential in sunny south-facing location

RARE DEVELOPMENT AND VALUE APPRECIATION OPPORTUNITY IN MELK

Apartment building with 1.335 m² plot, development potential and possible vacancy clearance

In an attractive, elevated location with a view of the town and Melk Abbey, a residential complex with a total of 12 residential units on a plot of approximately 1.335 m² is for sale.

For investors, this property offers several value drivers:

• Generous plot in a residential building zone
• Building density 50
• Building class II
• Partially already vacant stock; depending on the purchase price, cleared stock can be handed over
• Development potential due to partially undeveloped attic floor
• Opportunity to restructure apartment sizes
• Long-term value appreciation through renovation and optimization

The residential complex was built around 1951 and currently comprises approximately 546 m² of usable floor space on two stairwells and three levels.

Currently, 7 of 12 residential units are rented; some units are rented out on a short-term basis. Relocation of existing tenants to other properties of the owner company is generally planned, whereby – depending on the purchase price and agreement – extensive or complete vacancy clearance may be possible.

Particular investor potential

The property is in need of renovation and thus opens up significant opportunities for value creation:

• Increase through new rentals or adaptation of the existing 12 units
• Reorganization and optimization of floor plans
• Expansion reserves in the attic floor
• Potential creation of additional living space (subject to official approvals)
• Attractive exit strategies through individual sale or long-term holding (buy and hold)
• Establishment of condominium ownership recommended

The recently surveyed plot area of approximately 1.335 m² creates additional development potential and offers investors a rare combination of existing stock, land reserve and appreciation opportunity. The plot will be transferred to the boundary cadastre.

Location Melk

Melk is one of the economically strongest district towns in Lower Austria and benefits from its excellent infrastructure, the Westbahn connection, proximity to the A1 and its high tourist importance as a UNESCO Wachau region.

The sustainable demand for housing makes the location particularly interesting for both classic rental models and modern living concepts. Other use variants are also generally conceivable!

Investment conclusion

Properties with this plot size, development perspective and possible vacancy clearance rarely come onto the market in Melk.

For investors, this offers the opportunity to realize significant appreciation potential through renovation, new rentals and strategic further development, especially due to the previously lower rents used for property valuation.

Please understand that due to the obligation to provide proof to the owner, we can only process inquiries with a complete address and telephone number.

Do you also have a property and are considering selling or renting it? Or do you have questions about real estate?

Contact us by telephone at +43 664 225 225 2 or by e-mail at [email protected] and secure a free, no-obligation initial consultation.

We point out that there is a family or economic close relationship between the broker and the third party to be brokered.

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Infrastructure / Distances

• Health
  • Doctor <500m
  • Pharmacy <1.000m
  • Hospital <1.500m
• Children & Schools
  • Kindergarten <500m
  • School <500m
• Local amenities
  • Supermarket <500m
  • Bakery <1.000m
  • Shopping center <1.000m
• Other
  • Bank <500m
  • ATM <500m
  • Post <2.000m
  • Police <2.000m
• Transport
  • Bus <500m
  • Highway access <2.000m
  • Train station <500m

Distance information as the crow flies / Source: OpenStreetMap